Asked online for my Amex Ed preferred (recently upgraded from Amex Ed regular for 40k points offer) at $11k limit. I asked for $27k limit. This card was opened in 2014 and remained in $11k for last 3-4 years.
Then it asked me to connect my bank or upload them to the months bank statement.
Are these solid approvals if I connect or upload statements? Does it have to be my savings account or checking account?
TIA.
@GetMeSlick wrote:Asked online for my Amex Ed preferred (recently upgraded from Amex Ed regular for 40k points offer) at $11k limit. I asked for $27k limit. This card was opened in 2014 and remained in $11k for last 3-4 years.
Then it asked me to connect my bank or upload them to the months bank statement.
Are these solid approvals if I connect or upload statements? Does it have to be my savings account or checking account?
TIA.
It's hard to tell if its solid or not, it all depends on what they see when you link up. They are asking for proof of income, if your reported income with Amex is substantiated by what you give them, you should be good. They are likely ready to approve the limit increase (or a portion of it, at least) as long you give them satisfactory POI. As far as checking or savings, I would send them whatever you can that shows income/assets.
@SDMarik wrote:
@GetMeSlick wrote:Asked online for my Amex Ed preferred (recently upgraded from Amex Ed regular for 40k points offer) at $11k limit. I asked for $27k limit. This card was opened in 2014 and remained in $11k for last 3-4 years.
Then it asked me to connect my bank or upload them to the months bank statement.
Are these solid approvals if I connect or upload statements? Does it have to be my savings account or checking account?
TIA.
It's hard to tell if its solid or not, it all depends on what they see when you link up. They are asking for proof of income, if your reported income with Amex is substantiated by what you give them, you should be good. They are likely ready to approve the limit increase (or a portion of it, at least) as long you give them satisfactory POI. As far as checking or savings, I would send them whatever you can that shows income/assets.
This.
OP, if you're asking whether the POI means a guaranteed CLI, no, it's not guaranteed. If you do get granted a CLI, it may or may not be for the full requested amount even after providing the bank statements/bank account access.
I guess, CLI up to 25k usually does not require a financial review. Anyway, if you really need a 27k limit, then provide the requested supporting documents....
Fico8: EX~EQ~TU~840 (12 month goal~850).
@xenon3030 wrote:I guess, CLI up to 25k usually does not require a financial review. Anyway, if you really need a 27k limit, then provide the requested supporting documents....
This isn't a financial review. It's only a POI request, which is optional. A FR is far more serious (accounts are locked and unusable, tax returns are requested, etc.) and not optional.
@GetMeSlick that is crazy. Literally. I just got them to kick me up to $27k on the exact same card a coupla weeks ago, and like you, I had upgraded it from the ED about a year ago. Strange as all getout. Unless its the score. You don't get to 836 without low utilization. Perhaps they don't think you need it? I've been developing a working theory about how these banks view scoring because technically, why would any of them not approve someone over 800? THere are way too many denials for people over 800 on these boards to be a coincidence. Total head-scratcher.
